DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Fiduciary First
Legal name Fiduciary First, LLC
Latest filing Mar 26, 2026
First filing on the tape Mar 26, 2012 · 25 filings
SEC status approved since Apr 7, 2011
RAUM
$2.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$2.5B
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$2.5B as of Mar 26, 2026
Mar 28, 2016$290M then
HNW client RAUM: no history
State-registered IARs (5.B.3)7 as of Mar 26, 2026
Mar 26, 20120 then
Employees (5.A)7 as of Mar 26, 2026
Mar 22, 20137 then
Private funds: no history
RAUM -52% over the last fiscal year-3.9% a year over threeIARs 2 to 7
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $2.5BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $58.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 7.0derivedItem 5.A over advisors
- Advisors per office
- 0.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -52%derivedbetween the last two annual amendments
- Advisor growth, one year
- +250%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, otherreportedItem 5.E
- Advisory activities
- pension consultingreportedItem 5.G
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pension and profit-sharing plans$2.5B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- 27reported
- Charitable clients
- n/areported
- Accounts
- 42reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Jamie Ann Hayes from LPL Financial LLCJun 20, 2018 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Ei Chun Veronica Moo · Directorcontrolsince 07/2017 · owns less than 5%
- George Edward O'Malley · Directorcontrolsince 02/2015 · owns less than 5%
- Ronald Brett Schneider · Directorcontrolsince 01/2009 · owns less than 5%
- Barry Joel Shapiro · Presidentcontrolsince 05/2023 · owns less than 5%
- J Brian Yu · Chief Compliance Officercontrolsince 06/2023 · owns less than 5%
- Rose Hannah Dowling · Assistant Vice Presidentsince 05/2023 · owns less than 5%
Entity owners
- Nfp Retirement Inc. · Shareholderdirect · owns 75% or more
- Aon, Plc · Ownerindirect · owns 75% or more of Randolph Finance Unlimited Company · public reporting company
- Nfp Intermediate Holdings B. Corp. · Ownerindirect · owns 75% or more of Nfp Retirement Inc.
- Randolph Acquisition Corp. · Ownerindirect · owns 75% or more of Nfp Intermediate Holdings B. Corp.
- Randolph Finance Unlimited Company · Ownerindirect · owns 75% or more of Randolph Acquisition Corp.
Related persons
Schedule D 7.A
- Nfp Property & Casualty Services, Inc.real estaten
- Wealthspire Retirement Advisoryinvestment adviserLP sponsoryRAUM $39B
Advisers that list Fiduciary First as a related person
Offices
Schedule D 1.F, the 25 largest
- Aliso Viejo, CA1 employees
ADV anomalies
3 against comparable advisers; where to look, not conclusions
- affiliate changedChange between filings · filing Mar 26, 2026broker-dealer affiliate (Item 7.A.1): yes on the filing of 2026-01-02, no on the filing of 2026-03-26peers: institutional managers, $1B to $5B (121)
- discretionary share shiftChange between filings · filing Mar 26, 2026discretionary share of RAUM moved from 75.0% to 100.0% between the annual amendments of 2025-03-27 and 2026-03-26peers: institutional managers, $1B to $5B (121)
- RAUM down 50 %Change between filings · filing Mar 26, 2026RAUM (Item 5.F) moved from $5,178,849,217 to $2,461,767,783 (-52.0%) between the annual amendments of 2025-03-27 and 2026-03-26; the peer median change was +15.0% (105 comparable advisers, 2.0th percentile of changes)peers: institutional managers, $1B to $5B (105) · 1.9% percentile
What changed
consecutive filings, newest first
- Accounts · 87 to 42Jan 2, 2026 to Mar 26, 2026
- Advisory employees · 2 to 7Jan 2, 2026 to Mar 26, 2026
- Pension plan clients · 32 to 27Jan 2, 2026 to Mar 26, 2026
- Employees · 4 to 7Jan 2, 2026 to Mar 26, 2026
- Insurance-licensed employees · 2 to 7Jan 2, 2026 to Mar 26, 2026
- State-registered IARs · 2 to 7Jan 2, 2026 to Mar 26, 2026
- Discretionary RAUM · $3.9B to $2.5BJan 2, 2026 to Mar 26, 2026
- Non-discretionary RAUM · $1.3B to $0Jan 2, 2026 to Mar 26, 2026
- Pension RAUM · $5.2B to $2.5BJan 2, 2026 to Mar 26, 2026
- RAUM · $5.2B to $2.5BJan 2, 2026 to Mar 26, 2026
- Related broker-dealer · true to falseJan 2, 2026 to Mar 26, 2026
- Financial planning clients · 0 to 0Mar 27, 2025 to Nov 25, 2025
- Related bank · true to falseMar 27, 2025 to Nov 25, 2025
- Accounts · 99 to 87May 28, 2024 to Mar 27, 2025
- Pension plan clients · 38 to 32May 28, 2024 to Mar 27, 2025
- Discretionary RAUM · $2.4B to $3.9BMay 28, 2024 to Mar 27, 2025
- Non-discretionary RAUM · $944M to $1.3BMay 28, 2024 to Mar 27, 2025
- Pension RAUM · $3.3B to $5.2BMay 28, 2024 to Mar 27, 2025
- RAUM · $3.3B to $5.2BMay 28, 2024 to Mar 27, 2025
- Related bank · false to trueMay 2, 2024 to May 28, 2024
- Accounts · 74 to 99Mar 30, 2023 to Mar 27, 2024
- Pension plan clients · 74 to 38Mar 30, 2023 to Mar 27, 2024
- Employees · 8 to 4Mar 30, 2023 to Mar 27, 2024
- Discretionary RAUM · $1.9B to $2.4BMar 30, 2023 to Mar 27, 2024
- Non-discretionary RAUM · $877M to $944MMar 30, 2023 to Mar 27, 2024
- Pension RAUM · $2.8B to $3.3BMar 30, 2023 to Mar 27, 2024
- RAUM · $2.8B to $3.3BMar 30, 2023 to Mar 27, 2024
- Accounts · 99 to 74Mar 30, 2022 to Mar 30, 2023
- Pension plan clients · 99 to 74Mar 30, 2022 to Mar 30, 2023
- Discretionary RAUM · $2.5B to $1.9BMar 30, 2022 to Mar 30, 2023
- Non-discretionary RAUM · $1.4B to $877MMar 30, 2022 to Mar 30, 2023
- Pension RAUM · $3.9B to $2.8BMar 30, 2022 to Mar 30, 2023
- RAUM · $3.9B to $2.8BMar 30, 2022 to Mar 30, 2023
- Accounts · 78 to 99Mar 31, 2021 to Mar 30, 2022
- Pension plan clients · 78 to 99Mar 31, 2021 to Mar 30, 2022
- Discretionary RAUM · $2.2B to $2.5BMar 31, 2021 to Mar 30, 2022
- Non-discretionary RAUM · $1.2B to $1.4BMar 31, 2021 to Mar 30, 2022
- Pension RAUM · $3.4B to $3.9BMar 31, 2021 to Mar 30, 2022
- RAUM · $3.4B to $3.9BMar 31, 2021 to Mar 30, 2022
- Accounts · 49 to 78Apr 17, 2020 to Mar 31, 2021
Signals
12 dated events
- Fiduciary First reported RAUM $2.5B, down 52% from $5.2B (2026-01-02 to 2026-03-26)Mar 26, 2026 · RAUM change · derived
- Fiduciary First reported RAUM $5.2B, up 57% from $3.3B (2024-05-28 to 2025-03-27)Mar 27, 2025 · RAUM change · derived
- J Brian Yu (Chief Compliance Officer) appeared on Schedule A of Fiduciary FirstMar 27, 2024 · Control person joined · fact
- Barry Joel Shapiro (President) appeared on Schedule A of Fiduciary FirstMar 27, 2024 · Control person joined · fact
- Dominic Nicholas Dellavedova (President) no longer on Schedule A of Fiduciary First (listed 2023-03-30, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Ann Jamie Hayes (Senior Vice President) no longer on Schedule A of Fiduciary First (listed 2023-03-30, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Alan Blake Bjordahl (Chief Compliance Officer) no longer on Schedule A of Fiduciary First (listed 2023-03-30, absent 2024-03-27)Mar 27, 2024 · Control person left · inference
- Fiduciary First reported RAUM $2.8B, down 28% from $3.9B (2022-03-30 to 2023-03-30)Mar 30, 2023 · RAUM change · derived
- Alan Blake Bjordahl (Chief Compliance Officer) appeared on Schedule A of Fiduciary FirstApr 17, 2020 · Control person joined · fact
- Fiduciary First reported RAUM $3.5B, up 40% from $2.5B (2019-02-25 to 2019-03-18)Mar 18, 2019 · RAUM change · derived
- Fiduciary First reported succeeding to the business of Another Adviser (Form ADV Item 4)Dec 17, 2018 · Succession (Item 4) · fact
- Fiduciary First reported RAUM $2.5B, up 112% from $1.2B (2017-03-09 to 2018-03-15)Mar 15, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Principal office phone
- 407.740.6111reportedpublic record, Form ADV, Mar 26, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Institutional managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $2.5Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026